Amazon is reportedly making over $100 million from one of its open source businesses — but the CEO behind the original software says Amazon isn’t slowing down its business

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The Information reported that Amazon appears to make as much money on Elasticsearch as Elastic does. Here's what Elastic CEO Shay Banon has to say.

generated $100 million in revenue last year from the top 100 customers of Amazon Elasticsearch Service, a paid service based on the popular Elasticsearch open source search engine project., the publicly-traded company that originally created the Elasticsearch software, did $271 million in sales in its last fiscal year. It's possible that when you factor in all of Amazon's million or so Elasticsearch customers, that it did about as much revenue, all in all.

That software, originally created by Elastic CEO and co-founder Shay Banon, is used by companies like Uber and Tinder to search and analyze their data. While the core software is open source, meaning free to use and modify,, Elastic charges for premium features that make Elasticsearch more useful to larger customers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Are You Searching For A Data Entry Clerk? Please check out more details On Fiverr 👉 Dataentry Clerck Webresearch Scraping Leadgeneration virtualassistant Copypaste DataMining topclerck MsExcel Msword typing Translation spreadsheet

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK's competition regulator to examine Amazon investment in DeliverooBritain's competition regulator served an initial enforcement order on Amaz... Amazon sells Chinese poo. (for real)
Source: Reuters - 🏆 2. / 97 Read more »